Innovative Industrial Properties, Inc. · NYSE:IIPR
Innovative Industrial Properties — Investor Presentation (June 2020)
11 slides from Innovative Industrial Properties's investor presentation, Jun 9, 2020
Slide 1: Innovative Industrial Properties
INNOVATIVE INDUSTRIAL PROPERTIES The Leading Provider Of Real Estate Capital For The Medical-Use Cannabis Industry NYSE: IIPR www.innovativeindustrialproperties.com Posted June 9, 2020 1
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation and our associated comments include "forward-looking statements" (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as
Slide 3: The Team
The Team The Innovative Industrial Properties team has the proven experience and track record in all aspects of real estate - including acquisitions, management, development and financing, to capitalize on this rapidly expanding industry AL AN G O L D, EXEC U T IVE PAU L SM IT H ER S, PR ESID EN T &
Slide 4: The Company
The Company F O C U S E D S T R AT E G Y E X P E R I E N C ED MA N A G E ME N T T E A M • Medical cannabis approved licensees • Strong, specialized real estate underwriters with over $10 • Locations in states with robust medical cannabis approved billion in acquisition and development transaction va
Slide 5: 56 Properties
56 Properties ~15.9 years 4.1 million weighted avg. rentable square lease length (5) feet (1) 99.2% Leased (4) $84.5 Million $883.4 Million Q1 2020 Total Committed/ Revenue Invested Capital (2) Annualized(3) Portfolio statistics as of May 26, 2020. These statistics treat our Los Angeles, California
Slide 6: Financial Statistics
Financial Statistics Innovative Industrial Properties Financial Statistics Capital raised (net proceeds), including equity and exchangeable notes as of 5/29/20(1) $1.13 billion Capital committed/invested as of 5/26/20(2) $883.4 million Annualized Q1 revenue as of 3/31/20(3) $84.5 million Debt to tot
Slide 7: Top 10 States by Total Investment
Top 10 States by Total Investment Investment % by State (Top 10)1 25.0% 20.0% 20.0% 15.3% 15.1% 15.0% 12.6% 10.0% 9.6% 6.6% 5.0% 4.7% 4.0% 2.5% 2.4% 0.0% Illinois Pennslyvania Massachusetts Michigan California Florida Ohio New York Arizona Maryland (1) As of May 26, 2020. Calculated to include the i
Slide 8: Top 10 Tenants
Top 10 Tenants By Total Investment 8
Slide 9: Medical Cannabis Industry
Medical Cannabis Industry R A P I D LY G R O W IN G I N D U S T RY • U.S. regulated cannabis sales grew to an estimated $12.2 billion in 2019 an increase of 34% over 2018’s total of $9.1 billion and are expected to grow to over $31 billion by 2024.(1) • As of January 2020, legal cannabis now support
Slide 10: Highlights
F O C U S ED S T R AT E GY EXPERIENCED MA N A G E ME NT HIGHLIGHTS TEAM C O N S E RVATI VE LY LE V E R A G E D B A LA N C E S H E E T STRONG & G R O W I NG I N D U S T RY 10
Slide 11: Slide 11
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